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Automotive lead-acid battery market size to increase by USD 4,077.41 million: Market research insights highlight the increasing number of electronic applications in passenger cars as a key driver - Technavio
[January 24, 2023]

Automotive lead-acid battery market size to increase by USD 4,077.41 million: Market research insights highlight the increasing number of electronic applications in passenger cars as a key driver - Technavio


NEW YORK, Jan. 24, 2023 /PRNewswire/ -- According to Technavio, the automotive lead-acid battery market will witness a YOY growth of 2.41% between 2022 and 2023. The market is segmented by application (aftermarket and OEM), vehicle type (passenger and commercial), and geography (APAC, North America, Europe, South America, and Middle East and Africa). The automotive lead-acid battery market size is estimated to increase by USD 4,077.41 million at a CAGR of 2.84% from 2022 to 2027 - Request a sample report

Automotive lead-acid battery market - Vendor insights

The global automotive lead-acid battery market is fragmented, and the vendors are deploying various strategies to compete in the market. Prominent vendors are working on developing efficient automotive lead-acid batteries for customers. The rising electronic content in automobiles and the growing adoption of EVs are increasing the need for batteries, which is driving the demand for automotive lead-acid batteries. Such factors are expected to intensify the competition in the market during the forecast period.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Amara Raja Group
  • Banner GmbH
  • C and D Technologies Inc.
  • Camel Group Co. Ltd.
  • Clarios
  • Crown Battery Manufacturing Co.
  • CSB Energy Technology Co. Ltd.
  • East Penn Manufacturing Co. Inc.
  • EnerSys
  • EverExceed Industrial Co. Ltd.
  • Exide Industries Ltd.
  • GS Yuasa Corp.
  • HBL Power Systems Ltd.
  • Johnson Controls International Plc.
  • Leoch International Technology Ltd.
  • For details on vendors and their offerings – Buy the report!

Automotive lead-acid battery market - Geographical analysis 

APAC will provide maximum growth opportunities in the automotive lead-acid battery market during the forecast period. According to our research report, the region will account for 61% of the global market growth. 

China, India, and Japan are the major markets for automotive lead-acid batteries in APAC. The increasing disposable income and the launch of new car models by OEMs are driving the market growth. APAC has the largest number of potential first-time buyers of passenger cars, which is leading to growth in the sales of such cars. These factors will drive the automotive lead-acid batteries market in the region during the forecast period.

Know more about this market's geographical distribution along with a detailed analysis of the top regions: https://www.technavio.com/report/automotive-lead-acid-battery-market-industry-analysis?v1

Automotive lead-acid battery market - Key segment analysis

The aftermarket segment will grow at a significant rate during the forecast period. Lead-acid batteries provide a quick power boost in a short time. Hence, they dominate the automotive aftermarket. In the automotive industry, lead-acid battery is the only available battery technology for scalable link interface (SLI) applications due to its high cold-cranking performance. The low cost of lead-acid batteries will drive the growth of this segment dominance during the forecast period.

Download a sample to obtain additional highlights and key points on various market segments and their impact in the coming years. 

Automotive lead-acid battery market - Key market drivers & challenges

The increasing number of electronic applications in passenger cars is driving the global automotive lead-acid battery market growth. Some of the technologies used in passenger cars include global positioning systems (GPS), music systems, Bluetooth, and wireless charging. The adoption of electronic applications in passenger cars is increasing owing to the increasing demand for improved navigation systems, safety, and comfort. Hence, there is a high demand for efficient batteries, such as automotive lead-acid batteries, which can power electronic components. Such factors are expected to propel the growth of the global automotive lead-acid battery market during the forecast period.

Stringent laws to prevent lead pollution are challenging the global automotive lead-acid battery market growth. The increase in the production of lead-acid batteries can result in lead pollution. These batteries require high quantities of lead, which is often mixed with exhaust gases. To curb lead poisoning, governments of many countries have implemented stringent laws. For instance, the Government of China has shut down most lead-acid battery manufacturing plants and has also enforced stringent regulations and standards for battery disposal and production. Such regulations will hinder the growth of the market during the forecast period. 

Download a sample for highlights on market drivers & challenges affecting the automotive lead-acid battery market.

What are the key data covered in this automotive lead-acid battery market report?
  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the automotive lead-acid battery market between 2023 and 2027
  • Precise estimation of the size of the automotive lead-acid battery market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of automotive lead-acid battery market vendors

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Related reports: 

The automotive Li-ion battery market size is expected to increase by USD 38.96 billion from 2021 to 2026. This report extensively covers automotive Li-ion battery market segmentation by vehicle type (BEV and PHEV) and geography (APAC, Europe, North America, South America, and MEA).

The carbon black in lead-acid battery market size is expected to increase by USD 116.06 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.45%. This report extensively covers segmentation by battery type (flooded lead-acid battery and valve regulated lead-acid (VRLA) battery) and geography (APAC, North America, Europe, South America, and Middle East and Africa).





Automotive Lead-acid Battery Market Scope

Report Coverage

Details

Page number

168

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 2.84%

Market growth 2023-2027

USD 4,077.41 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.41

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 61%

Key countries

US, China, Japan, India, and Germany

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH, Amara Raja Group, Banner GmbH, C and D Technologies Inc., Camel Group Co. Ltd., Clarios, Crown Battery Manufacturing Co., CSB Energy Technology Co. Ltd., East Penn Manufacturing Co. Inc., EnerSys, EverExceed Industrial Co. Ltd., Exide Industries Ltd., GS Yuasa Corp., HBL Power Systems Ltd., Johnson Controls International Plc., Leoch International Technology Ltd., MIDAC SpA, Panasonic Holdings Corp., Robert Bosch GmbH, and The Furukawa Battery Co. Ltd.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Browse for Technavio's utilities market reports

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Vehicle Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global automotive lead-acid battery market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global automotive lead-acid battery market 2017 - 2021 ($ million)
  • 4.2 Application Segment Analysis 2017 - 2021
    • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
  • 4.3 Vehicle type Segment Analysis 2017 - 2021
    • Exhibit 20: Historic Market Size – Vehicle type Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

  • 6.1 Market segments 
    • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
  • 6.2 Comparison by Application 
    • Exhibit 32: Chart on Comparison by Application
    • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Aftermarket - Market size and forecast 2022-2027
    • Exhibit 34: Chart on Aftermarket - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on Aftermarket - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on Aftermarket - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Aftermarket - Year-over-year growth 2022-2027 (%)
  • 6.4 OEM - Market size and forecast 2022-2027
    • Exhibit 38: Chart on OEM - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on OEM - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on OEM - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on OEM - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Application 
    • Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Vehicle Type

  • 7.1 Market segments 
    • Exhibit 43: Chart on Vehicle Type - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Vehicle Type - Market share 2022-2027 (%)
  • 7.2 Comparison by Vehicle Type 
    • Exhibit 45: Chart on Comparison by Vehicle Type
    • Exhibit 46: Data Table on Comparison by Vehicle Type
  • 7.3 Passenger - Market size and forecast 2022-2027
    • Exhibit 47: Chart on Passenger - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Data Table on Passenger - Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Chart on Passenger - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Passenger - Year-over-year growth 2022-2027 (%)
  • 7.4 Commercial - Market size and forecast 2022-2027
    • Exhibit 51: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
    • Exhibit 53: Chart on Commercial - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
  • 7.5 Market opportunity by Vehicle Type 
    • Exhibit 55: Market opportunity by Vehicle Type ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 59: Chart on Geographic comparison
    • Exhibit 60: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027
    • Exhibit 61: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 62: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 63: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 64: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 North America - Market size and forecast 2022-2027
    • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.5 Europe - Market size and forecast 2022-2027
    • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 China - Market size and forecast 2022-2027
    • Exhibit 81: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.9 US - Market size and forecast 2022-2027
    • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.10 Japan - Market size and forecast 2022-2027
    • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.11 India - Market size and forecast 2022-2027
    • Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%)
  • 9.12 Germany - Market size and forecast 2022-2027
    • Exhibit 97: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 104: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 105: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 106: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 107: Matrix on vendor position and classification
  • 12.3 Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH 
    • Exhibit 108: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Overview
    • Exhibit 109: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Product / Service
    • Exhibit 110: Accumulatorenwerke HOPPECKE Carl Zoellner and Sohn GmbH - Key offerings
  • 12.4 Amara Raja Group 
    • Exhibit 111: Amara Raja Group - Overview
    • Exhibit 112: Amara Raja Group - Business segments
    • Exhibit 113: Amara Raja Group - Key offerings
    • Exhibit 114: Amara Raja Group - Segment focus
  • 12.5 Banner GmbH 
    • Exhibit 115: Banner GmbH - Overview
    • Exhibit 116: Banner GmbH - Product / Service
    • Exhibit 117: Banner GmbH - Key offerings
  • 12.6 C and D Technologies Inc. 
    • Exhibit 118: C and D Technologies Inc. - Overview
    • Exhibit 119: C and D Technologies Inc. - Product / Service
    • Exhibit 120: C and D Technologies Inc. - Key offerings
  • 12.7 Camel Group Co. Ltd. 
    • Exhibit 121: Camel Group Co. Ltd. - Overview
    • Exhibit 122: Camel Group Co. Ltd. - Product / Service
    • Exhibit 123: Camel Group Co. Ltd. - Key offerings
  • 12.8 Clarios 
    • Exhibit 124: Clarios - Overview
    • Exhibit 125: Clarios - Product / Service
    • Exhibit 126: Clarios - Key news
    • Exhibit 127: Clarios - Key offerings
  • 12.9 Crown Battery Manufacturing Co. 
    • Exhibit 128: Crown Battery Manufacturing Co. - Overview
    • Exhibit 129: Crown Battery Manufacturing Co. - Product / Service
    • Exhibit 130: Crown Battery Manufacturing Co. - Key offerings
  • 12.10 East Penn Manufacturing Co. Inc. 
    • Exhibit 131: East Penn Manufacturing Co. Inc. - Overview
    • Exhibit 132: East Penn Manufacturing Co. Inc. - Product / Service
    • Exhibit 133: East Penn Manufacturing Co. Inc. - Key news
    • Exhibit 134: East Penn Manufacturing Co. Inc. - Key offerings
  • 12.11 EnerSys 
    • Exhibit 135: EnerSys - Overview
    • Exhibit 136: EnerSys - Business segments
    • Exhibit 137: EnerSys - Key news
    • Exhibit 138: EnerSys - Key offerings
    • Exhibit 139: EnerSys - Segment focus
  • 12.12 EverExceed Industrial Co. Ltd. 
    • Exhibit 140: EverExceed Industrial Co. Ltd. - Overview
    • Exhibit 141: EverExceed Industrial Co. Ltd. - Product / Service
    • Exhibit 142: EverExceed Industrial Co. Ltd. - Key offerings
  • 12.13 Exide Industries Ltd. 
    • Exhibit 143: Exide Industries Ltd. - Overview
    • Exhibit 144: Exide Industries Ltd. - Product / Service
    • Exhibit 145: Exide Industries Ltd. - Key offerings
  • 12.14 GS Yuasa Corp. 
    • Exhibit 146: GS Yuasa Corp. - Overview
    • Exhibit 147: GS Yuasa Corp. - Business segments
    • Exhibit 148: GS Yuasa Corp. - Key news
    • Exhibit 149: GS Yuasa Corp. - Key offerings
    • Exhibit 150: GS Yuasa Corp. - Segment focus
  • 12.15 HBL Power Systems Ltd. 
    • Exhibit 151: HBL Power Systems Ltd. - Overview
    • Exhibit 152: HBL Power Systems Ltd. - Business segments
    • Exhibit 153: HBL Power Systems Ltd. - Key offerings
    • Exhibit 154: HBL Power Systems Ltd. - Segment focus
  • 12.16 Leoch International Technology Ltd. 
    • Exhibit 155: Leoch International Technology Ltd. - Overview
    • Exhibit 156: Leoch International Technology Ltd. - Business segments
    • Exhibit 157: Leoch International Technology Ltd. - Key offerings
    • Exhibit 158: Leoch International Technology Ltd. - Segment focus
  • 12.17 The Furukawa Battery Co. Ltd. 
    • Exhibit 159: The Furukawa Battery Co. Ltd. - Overview
    • Exhibit 160: The Furukawa Battery Co. Ltd. - Business segments
    • Exhibit 161: The Furukawa Battery Co. Ltd. - Key offerings
    • Exhibit 162: The Furukawa Battery Co. Ltd. - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 163: Inclusions checklist
    • Exhibit 164: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 165: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 166: Research methodology
    • Exhibit 167: Validation techniques employed for market sizing
    • Exhibit 168: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 169: List of abbreviations
About Us: 

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. 

Contact 
Technavio Research 
Jesse Maida 
Media & Marketing Executive 
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Email:?[email protected] 
Website:?www.technavio.com/ 

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